Arq, Inc. (NASDAQ:ARQ) Short Interest Down 60.5% in June

Arq, Inc. (NASDAQ:ARQ) was the recipient of a large drop in short interest in the month of June. As of June 30th, there was short interest totaling 563,360 shares, a drop of 60.5% from the June 15th total of 1,426,113 shares. Approximately 1.6% of the shares of the stock are sold short. Based on an average daily volume of 714,502 shares, the short-interest ratio is currently 0.8 days.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on ARQ shares. Wall Street Zen raised shares of ARQ from a “strong sell” rating to a “hold” rating in a report on Saturday, May 9th. Weiss Ratings reissued a “sell (d-)” rating on shares of ARQ in a report on Monday, April 20th. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $7.50.

Institutional Investors Weigh In On ARQ

Several large investors have recently added to or reduced their stakes in ARQ. Los Angeles Capital Management LLC purchased a new stake in ARQ during the fourth quarter valued at approximately $37,000. HRT Financial LP bought a new position in shares of ARQ during the 4th quarter valued at approximately $37,000. Algert Global LLC bought a new position in shares of ARQ during the 3rd quarter valued at approximately $84,000. The Manufacturers Life Insurance Company increased its position in shares of ARQ by 13.7% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 11,739 shares of the company’s stock valued at $63,000 after purchasing an additional 1,413 shares during the last quarter. Finally, Centiva Capital LP purchased a new stake in ARQ during the 3rd quarter valued at $98,000. 18.49% of the stock is owned by institutional investors.

ARQ Trading Down 4.3%

Shares of ARQ stock opened at $2.22 on Tuesday. ARQ has a twelve month low of $1.54 and a twelve month high of $7.89. The company has a quick ratio of 0.58, a current ratio of 1.02 and a debt-to-equity ratio of 0.05. The business has a 50-day moving average price of $2.54 and a 200-day moving average price of $2.84. The firm has a market cap of $95.30 million, a price-to-earnings ratio of -1.72 and a beta of 2.00.

ARQ (NASDAQ:ARQ) last released its quarterly earnings data on Wednesday, May 6th. The company reported ($0.02) EPS for the quarter, meeting the consensus estimate of ($0.02). ARQ had a negative net margin of 43.93% and a negative return on equity of 2.67%. The business had revenue of $29.05 million during the quarter, compared to analyst estimates of $27.75 million. Equities research analysts anticipate that ARQ will post 0.05 EPS for the current fiscal year.

ARQ Company Profile

Arq, Inc is a holding company. It engages in the provision of environmental and emission control equipment to the power generation industry. The company operates through the following Segments: Refined Coal and Advanced Purification Technologies. The Refined Coal segment includes the Tinuum Group, Tinuum Services, and GWN Manager. The Advanced Purification Technologies segment refers to the sale of Activated Carbon Injection and Dry Sorbent Injection equipment systems, chemical sales, consulting services, and other sales related to the reduction of emissions in the coal-fired electric generation process and the electric utility industry.